How much money does the Treasury take from the National Lottery, EuroMillions, Primitiva and ONCE prizes?
After the holidays and still suffering from the September slope, what better way to face the final stretch of the year than with the 15 million euros from the National Lottery’s Hispanic Heritage Day Extraordinary Draw. And 15 million goes a long way: going around the world, a luxury trip, the car you’ve always wanted, a house on the beach… and of course also to end 2025 as a millionaire.
The gift list can be endless, but be careful! Although it shouldn’t be a problem with prize size, Not all the money is going to end up in your bank account.. There is a second graceful ‘unexpected’ actor.
Treasury rubs its hands with almost each and every one of the awards. EuroMillions, La Primitiva, Extraordinary National Lottery Draws (and non-extraordinary ones), the ONCE Extra Coupon… none of them are saved from the collection trigger of the Tax Agency.
The tax on lottery and betting prizes, and how to calculate what the Treasury takes
As indicated in the fifth additional provision of the IRNR Law, since January 1, 2020, all prizes exceeding 40,000 euros are obliged to pay taxes. In other words, if you have won 40,000 euros or a lower prize, the prize is tax-free. Otherwise, it’s time to settle accounts with the Treasury.
To find out how much money the State is going to take in taxes and how much you will end up paying into your bank account, just calculate 20% of the prize you have won. However, remember that The first 40,000 euros are exempt from taxes, Therefore, first, you must subtract that amount from the total amount of the prize. That is when you have to apply that 20% tax. The result is the money that the Treasury takes.
Therefore, of the prizes from the National Lottery 2025 Hispanic Heritage Day Extraordinary Draw, only two prizes have to pay taxes:
- The special prize of 15 million euros: 3,000,000 euros goes to the Treasury.
- Of the first prize, 1,300,000 euros (per series), the Tax Agency takes 260,000 euros. That is, if you have a winning tenth, of the 130,000 euros, the Treasury keeps 26,000 euros and the winner with 104,000 euros.
